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This property looks like a bad Long-Term investment with a projected -2.8% first-year return on $58,779 initial cash invested.
-2.8%
Cash On Cash
5.91%
Cap Rate
0.98
DSCR
$2,175
Rent
-$137
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,175 income − $2,312 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$280k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$58,779
Downpayment
20%
$55,980
Closing costs
1%
$2,799
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,175
Total Expenses
$2,312
Mortgage P&I
65%
$1,407
Property Taxes
11%
$241
Home Insurance
5%
$98
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0